PJTPJT Partners Inc.
Investment Advice
- Revenue
- $1.7B
- 15% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear292% of net incomeCash flow under 80% of net income
- Dilutive SBCFired14% of revenueOver 10% of revenue
- Payouts exceed cash flowClear42% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear11% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $986M | $1.0B | $1.1B | $1.5B | $1.7B | 15% |
| Net income | $106M | $91M | $82M | $134M | $180M | 34% |
| Operating cash flow | $124M | $243M | $442M | $531M | $526M | 0.9% |
| Capex | $6M | $3M | $4M | $3M | $46M | 1291% |
| Stock-based comp | $109M | $166M | $179M | $209M | $234M | 12% |
| Buybacks | $103M | $109M | $117M | $235M | $195M | 17% |
| Dividends | $78M | $25M | $24M | $24M | $25M | 1.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $1M | $8M | 241 | 203 |
| FY2024 | $1M | $43M | 379 | 173 |
| FY2023 | $1M | $38M | 243 | 133 |
| FY2022 | $40M | $54M | 173 | 118 |
| FY2021 | $1M | −$32M | 172 | 132 |